Here Is Why Ripple Is Thrilled Regulators Are Getting Involved With Crypto - Global Coin Report
Connect with us

Blogs

Here Is Why Ripple Is Thrilled Regulators Are Getting Involved With Crypto

Published

on

Ripple

The last few days since the rejection of the Winklevoss Bitcoin ETF (Bats ETF) have been an exciting one. We have seen the markets almost spiral out of control due to the confusion as to which ETF had been rejected. Many had thought it was the CBOE sponsored ETF. But this has since been clarified and the two ETFs are entirely different. Bitcoin (BTC) has since resumed on its bull run and is trading at $8,215 at the moment of writing this.

The U.S SEC (Securities and Exchange Commission) play a vital role as the regulatory body for all trading and exchange activities in the United States. The body has scrutinized not only the Bats ETF but also the pending CBOE ETF as well as keeping us guessing as to whether they consider XRP as a security or not. This was after the SEC gave ETH a green-light by stating it is not a security. Many crypto-enthusiasts and traders have been treading carefully when trading with XRP for they believe any negative comment with regards to the digital asset, will send it spiraling out of control in the markets. But there might be an upside to XRP being a security.

The encouraging thing is that the team at Ripple is actually thrilled that regulators are getting involved. Cory Johnson, Ripple’s Chief Market Strategist stated that:

“One person’s regulation is another person’s protection. I believe it’s really important for investors to be protected.”

Protecting investors is the mandate of any government through its various agencies. Cory Johnson would also add that:

“We’ve seen what happens when there aren’t investor protections. We’ve seen investors lose so much money, and we’ve seen it in the world of crypto. We’ve seen some real bad actors involved, so we’re thrilled that regulators are getting involved.”

One other thing that Cory Johnson mentioned, is that the United States risks falling behind in cryptocurrency regulation as the rest of the world embraces the new technology. Notable countries that are pushing regulation include Malta, Philippines, Australia, Indonesia, Thailand, just to name a few.

Perhaps what is on every XRP fan’s mind, is to whether the SEC declaration of the digital asset as being a security will impact its progress around the globe. With the Ripple company spreading its wings as well as the XRP becoming a fan favorite for a lot of global traders, the SEC decision is becoming more or less irrelevant to the future of the digital asset.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release